Monday, April 10, 2017

Blue Star Sports Acquired By Genstar Capital

Dallas-based Blue Star Sports, the sports management software and payment products developer led by Rob Wechsler, has received a majority equity investment from private equity investor Genstar Capital. Financial terms of the investment were not announced. Blue Star Sports said that Wechsler, plus early investor Jerry Jones and Providence Strategic Growth, will continue to own a "significant" stake in the company. Wechsler continues as CEO. The companies said Genstar has made a "substantial commitment" to fund future acquisitions. Blue Star Sports has been a ravenous acquirer of companies in the sports registration and team management area.